Zekany Corporation had 300,000 shares of common stock and 30,000 shares of 6%,$100 par convertible preferred stock outstanding during the year, Net income for the year was $600,000 and dividends were paid to both common and preferred shareholders Zekany's effective tax rate is 25%. What is Zekany's basic EPS? Muluple Choice $1.27 $200 $1,40